More visitors translated into higher Central Coast hotel revenue in January compared to the year before.
According to Smith Travel Research San Luis Obispo county hotels posted a 9% increase in room revenues, with occupancy up 3.1%. RevPAR was up 6.7%. SLO’s average rate was $97,08 up form $93.73 in January 2012.
In Santa Barbara county room revenue was up 6.3%,occupancy was up 2.5% and RevPAR increased 3.9% vs January 2012.The average rate was just under $130.
In Monterey County room revenue was up 11.9%,occupancy increased 6.3% and RevPAR jumped 11.2% The average rate was $127.17.
For the state as a whole, room revenue was up a strong 9.5% in January 2013 compared to January 2012.
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